{"id":777007577,"date":"2023-07-25T07:44:10","date_gmt":"2023-07-25T10:44:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777007577"},"modified":"2026-04-22T19:41:39","modified_gmt":"2026-04-22T22:41:39","slug":"pagcor-ceo-stresses-need-for-philippines-to-exit-fatf-grey-list","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/pagcor-ceo-stresses-need-for-philippines-to-exit-fatf-grey-list","title":{"rendered":"PAGCOR CEO stresses need for Philippines to exit FATF grey list"},"content":{"rendered":"\n

The Philippines was placed on the FATF grey list in June 2021.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- During a keynote speech at the SiGMA Asia last week, PAGCOR chairman and CEO,\u00a0Alejandro H. Tengco<\/strong>, stressed the importance of the Philippines being removed from the Financial Action Task Force’s (FATF) watchlist.<\/p>\n\n\n\n

Acknowledging the implications of being on the FATF grey list, Tengco said it not only impacts the gaming industry but also adversely affects the nation’s trade, commerce, and global financial standing.<\/p>\n\n\n\n

The Philippines was placed on the FATF grey list in June 2021, and the country has since been under observation for not fully addressing eight out of eighteen AML\/CFT-related issues by the January 2023 deadline.<\/p>\n\n\n\n

See also: <\/strong>Philippine casino sector needs stronger AML controls, watchdog says<\/a><\/p>\n\n\n\n

PAGCOR to launch online casino in 2024<\/h2>\n\n\n\n

During his speech, Tengco also revealed PAGCOR plans to launch an online gaming platform, casinofilipino.com by the first quarter of 2024. He said the online Casino Filipino would employ virtual reality technology that can simulate the sights and sounds of a physical casino, offering a realistic and immersive gaming experience.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Philippines was placed on the FATF grey list in June 2021.<\/p>\n","protected":false},"author":176,"featured_media":777027996,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"PAGCOR Chairman and CEO Alejandro H. Tengco emphasized the critical importance of the Philippines' removal from the FATF grey list, citing its adverse impact on the nation's trade, commerce, and global financial standing due to unaddressed AML\/CFT issues. Concurrently, PAGCOR announced plans to launch its B2C online gaming platform, casinofilipino.com, featuring virtual reality technology, by Q1 2024.","focusai_entities":"PAGCOR, Alejandro H. Tengco, Financial Action Task Force (FATF)","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), affiliate_publisher (0.7), product_ux (0.7), tech_data (0.7), marketing_crm (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"FATF Grey List Strategy?","query":"What specific AML\/CFT deficiencies remain unaddressed, and what is PAGCOR's revised timeline and strategy for the Philippines' removal from the FATF grey list?"},{"label":"Online Casino Market Impact?","query":"How will PAGCOR's B2C online casino, casinofilipino.com, be regulated, and what impact will its launch have on existing licensed operators and the overall GGR projections for the Philippine iGaming market?"}],"footnotes":""},"categories":[157,158,16333],"tags":[229],"class_list":["post-777007577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-gambling"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777007577"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007577\/revisions"}],"predecessor-version":[{"id":777007630,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777007577\/revisions\/777007630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777027996"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777007577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777007577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777007577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}